According to statistics, the population in Buchanan, MI amounts to 4,359, which shows decline -1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $34,484, shifting decline -20% from the past year, and the average property value in Buchanan, MI growth 3% to $109,400 throughout the year.
|Number Of Employees||1,914|
|Median Property Value||$109,400|
The average household income in Buchanan, MI declined from $42,917 to $34,484 in the past year. This data is an estimate based upon 1,879 households in Buchanan, MI . The chart below presents how household income is distributed in Buchanan, MI in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Buchanan, MI shifted from $105,900 to $109,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Buchanan, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Buchanan, MI properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Buchanan, MI compared to median property taxes around the country. The prevalent amount of property taxes in Buchanan, MI equals $2500, which is less than the national average.